geechs inc., First Half Ordinary Profit Increases by 2.0 times

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Fri Nov 8, 2024 3:30 pm JST Earnings

7060 geechs inc. 【J-GAAP】

Earnings Report

geechs inc. <7060> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.0 times that of the same period last year, reaching 199 million yen. However, The progress rate against the 545 million yen full-year plan was 36.5%, also falling below the five-year average of 64.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 346 million yen (compared to a loss of 17 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 59.7% from the same period last year, reaching 115 million yen. The operating profit margin improved from 1.3% in the same period last year to 1.8%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	7,649	260	263	145	13.9	46.4	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	11,917	104	99	-11	-1.1	120.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	12,183	193	199	164	15.9	36.5	Nov 8, 2024	J-GAAP
YoY	+2.2%	+85.6%	+101.0%	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,183	193	199	164	15.9	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	11,822	-14	-17	-1,462	-141.7	10	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,117	357	346	172	16.7	10	Nov 8, 2024	J-GAAP
YoY	+19.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,997	589	567	244	23.2	10	May 12, 2023	J-GAAP
Mar, 2024	23,739	90	82	-1,473	-142.8	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	26,300	550	545	336	32.5	10	May 10, 2024	J-GAAP
YoY	+10.8%	+511.1%	+564.6%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,972	75	72	-15	-1.5	1.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,870	-47	-50	-92	-9.0	-0.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,952	33	33	-1,370	-132.8	0.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,825	80	84	58	5.7	1.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,358	113	115	106	10.3	1.8	Nov 8, 2024	J-GAAP
YoY	+6.5%	+50.7%	+59.7%	－	－